Bee agrees with TE to provide self-payment machines

Mohamed Abo Khadra, the head of the marketing sector in Bee Electronic Payments, said that the company has provided self-payment machines to Telecom Egypt (TE) as a first phase for a trial through which bills and mobile credit can be paid directly, where each machine was supplied with an outlet to deposit cash without the need to stand in lines or deal with employees.

According to an exclusive statement by an official source in TE, the agreement with TE includes supplying self-payment machines in the main telecommunication centres of TE.

Bee has entered into a contract with Master Card to provide the services offered by Bee through Master Card’s platform in cooperation with the National Bank of Egypt (NBE).

According to the partnership with Master Card, clients who carry Master Cards will be able to benefit from all Bee services using their card, and they can also recharge their cards through Bee outlets which are spread across the country. They are estimated to be 32,000 outlets.

A few days ago, TE started to offer mobile services as the first integrated telecom operator, relying on Etisalat Misr’s network. It has invested about EGP 7bn in mobile and internet services throughout 2017, in addition to the value of the license.

In September 2016, TE signed a contract for the licensing of 4G mobile services for EGP 7.08bn. About EGP 5bn were paid so far with half the amount being in dollars and the other half in pounds.

TE, the company of which 80% is owned by the Egyptian government, offered mobile services through Etisalat Misr after signing trade agreements in with the latter for the provision of local roaming and international voice services for a period of five years.

TE changed its brand and worked on reaching the public through large advertising campaigns under the name “We”.

The company expects to spend $400m to establish its own network for 4G services and have mobile revenues form 16% of the total revenues in 2022.